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TelevisaUnivision Pulls Spanish-Language Programming From Fubo Impacting Thousands of Hispanic Consumers

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FuboTV (NYSE: FUBO) announced that TelevisaUnivision has pulled its Spanish-language programming from the platform, affecting thousands of Hispanic consumers. The disruption occurred after TelevisaUnivision demanded a 25% price increase and insisted on bundling practices requiring subscribers to purchase all channels regardless of viewing preferences. Fubo rejected these terms, citing unfair pricing and bundling practices that would significantly increase costs for Spanish-speaking subscribers.

Despite the loss of TelevisaUnivision content, Fubo continues to offer extensive Spanish-language programming through various networks including beIN Sports Español, ESPN Deportes, and many others. The company remains open to negotiations but emphasizes the need for fair and competitive rates for its Latino plan subscribers.

FuboTV (NYSE: FUBO) ha annunciato che TelevisaUnivision ha ritirato la sua programmazione in lingua spagnola dalla piattaforma, colpendo migliaia di consumatori ispanici. La interruzione è avvenuta dopo che TelevisaUnivision ha richiesto un aumento del prezzo del 25% e ha insistito su pratiche di bundling che obbligavano gli abbonati a acquistare tutti i canali, indipendentemente dalle preferenze di visione. Fubo ha rifiutato questi termini, citando prezzi ingiusti e pratiche di bundling che avrebbero aumentato notevolmente i costi per gli abbonati ispanofoni.

Nonostante la perdita dei contenuti di TelevisaUnivision, Fubo continua a offrire un'ampia programmazione in lingua spagnola attraverso vari network tra cui beIN Sports Español, ESPN Deportes e molti altri. L'azienda rimane aperta a negoziazioni ma sottolinea la necessità di tariffe eque e competitive per i suoi abbonati al piano latino.

FuboTV (NYSE: FUBO) anunció que TelevisaUnivision ha retirado su programación en español de la plataforma, afectando a miles de consumidores hispanohablantes. La interrupción ocurrió después de que TelevisaUnivision exigiera un aumento del precio del 25% e insistiera en prácticas de agrupamiento que requerían que los suscriptores compraran todos los canales, sin importar sus preferencias de visualización. Fubo rechazó estos términos, citando precios injustos y prácticas de agrupamiento que aumentarían significativamente los costos para los suscriptores de habla hispana.

A pesar de la pérdida del contenido de TelevisaUnivision, Fubo sigue ofreciendo una amplia programación en español a través de varias redes, incluyendo beIN Sports Español, ESPN Deportes y muchas más. La compañía se mantiene abierta a negociaciones, pero enfatiza la necesidad de tarifas justas y competitivas para sus suscriptores del plan latino.

푸보TV (NYSE: FUBO)는 텔레비사 우니비전이 플랫폼에서 스페인어 프로그램을 철수했다고 발표했으며, 이는 수천 명의 히스패닉 소비자에게 영향을 미쳤습니다. 이 중단은 텔레비사 우니비전이 25%의 가격 인상을 요구하고 모든 채널을 구독하도록 하는 번들링 관행을 고집한 후 발생했습니다. 푸보는 이러한 조건을 거부했습니다, 불공정한 가격과 번들링 관행으로 인해 스페인어를 사용하는 구독자들에게 비용이 크게 증가할 것이라고 지적했습니다.

텔레비사 우니비전 콘텐츠의 상실에도 불구하고 푸보는 beIN Sports Español, ESPN Deportes 등 다양한 네트워크를 통해 광범위한 스페인어 프로그램을 계속 제공합니다. 이 회사는 협상에 열려 있지만, 라티노 플랜 구독자에게 공정하고 경쟁력 있는 요금의 필요성을 강조합니다.

FuboTV (NYSE: FUBO) a annoncé que TelevisaUnivision avait retiré sa programmation en espagnol de la plateforme, affectant des milliers de consommateurs hispanophones. La perturbation est survenue après que TelevisaUnivision a exigé une augmentation de prix de 25 % et a insisté sur des pratiques de regroupement obligeant les abonnés à acheter tous les chaînes, indépendamment de leurs préférences de visionnage. Fubo a rejeté ces conditions, citant des tarifs injustes et des pratiques de regroupement qui augmenteraient considérablement les coûts pour les abonnés hispanophones.

Malgré la perte de contenu de TelevisaUnivision, Fubo continue d'offrir un large éventail de programmes en espagnol à travers divers réseaux, y compris beIN Sports Español, ESPN Deportes et bien d'autres. La société reste ouverte aux négociations, mais souligne la nécessité de tarifs justes et compétitifs pour ses abonnés au plan latino.

FuboTV (NYSE: FUBO) gab bekannt, dass TelevisaUnivision seine spanischsprachige Programmierung von der Plattform abgezogen hat, was Tausende von hispanischen Verbrauchern betrifft. Die Unterbrechung erfolgte, nachdem TelevisaUnivision eine Preiserhöhung von 25 % gefordert und auf Bündelpraktiken bestanden hatte, die von den Abonnenten verlangten, alle Kanäle unabhängig von den Sehgewohnheiten zu kaufen. Fubo wies diese Bedingungen zurück und nannte unfairen Preise und Bündelpraktiken, die die Kosten für spanischsprachige Abonnenten erheblich erhöhen würden.

Ungeachtet des Verlusts der Inhalte von TelevisaUnivision bietet Fubo weiterhin ein umfangreiches spanischsprachiges Programm über verschiedene Netzwerke an, darunter beIN Sports Español, ESPN Deportes und viele andere. Das Unternehmen bleibt offen für Verhandlungen, betont jedoch die Notwendigkeit fairer und wettbewerbsfähiger Preise für seine Latino-Plan-Abonnenten.

Positive
  • Maintains robust Spanish-language content offering through multiple alternative networks
  • Platform features unique capabilities like 4K streaming, MultiView, and AI-powered Instant Headlines
  • Offers all Nielsen-rated sports channels in the U.S.
Negative
  • Loss of major Spanish-language content provider affecting thousands of subscribers
  • Potential subscriber churn due to loss of TelevisaUnivision programming
  • Content costs pressure with 25% price increase demand from major provider

Insights

The removal of TelevisaUnivision content from Fubo's platform represents a significant operational challenge. The proposed 25% price increase and bundling requirements highlight growing tensions in the streaming content marketplace. TelevisaUnivision's dominant position in Spanish-language programming creates substantial leverage, potentially impacting Fubo's subscriber retention and revenue growth in the Hispanic market segment.

This dispute mirrors broader industry trends where content providers are aggressively renegotiating distribution terms to maximize revenue streams. The loss of local news and weather programming in Spanish could accelerate subscriber churn, particularly affecting Fubo's competitive position against rivals like YouTube TV and Hulu + Live TV. While Fubo maintains alternative Spanish-language content options, the absence of TelevisaUnivision's premium content could materially impact their value proposition in the Hispanic market.

This content dispute poses material risks to Fubo's financial performance. With a relatively modest market cap of $462.7M, Fubo lacks the negotiating leverage of larger streaming platforms. The potential subscriber losses and increased content costs could pressure their already challenging unit economics.

The timing is particularly concerning given Fubo's focus on profitability and market share growth. The Hispanic market represents a key growth vector and disruption to this segment could impact investor confidence in Fubo's expansion strategy. While maintaining pricing discipline is important for margins, the loss of premium Spanish-language content could accelerate competitive pressures in a market where Fubo has historically maintained strong positioning.

NEW YORK--(BUSINESS WIRE)-- FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, issued the following statement today:

Thousands of Spanish-speaking consumers across the U.S. have lost access to local news and weather - providing vital information affecting their communities - as a result of TelevisaUnivision pulling their programming from Fubo. This unfortunate development is the result of TelevisaUnivision refusing to offer what we believe to be fair and competitive rates.

Fubo has made considerable efforts and offered compromises to renew our long-standing content agreement for TelevisaUnivision and its affiliated channels. However, TelevisaUnivision presented us with a new contract with restructured terms that would increase prices by 25% for our subscribers. Furthermore, TelevisaUnivision’s unfair bundling and tying practices require Fubo subscribers to buy all of their channels, including the channels they don’t watch.

TelevisaUnivision, the biggest provider of Spanish language content in the U.S., is attempting to use its dominant market power to force Fubo to pay higher prices, resulting in our Spanish-speaking subscribers paying significantly more to receive vital local news and weather, as well as sports and popular entertainment programming, in Spanish. TelevisaUnivision further abuses our Hispanic customers who love sports: to get all of the sports content that TelevisaUnivision offers, Fubo subscribers still have to pay separately for Vix+.

As it is always Fubo’s mission to offer a leading selection of premium sports, news and entertainment content while also providing value, we cannot accept TelevisaUnivision’s conditions on behalf of our customers or our investors.

Fubo remains open to negotiating a new content agreement with TelevisaUnivision - but it must be fair and equitable for our subscribers. That includes accessing Spanish-language content in our Latino plan at a cost that is competitive.

Fubo has always been dedicated to serving the Hispanic community and we’re proud to offer a robust plan of the most-watched Spanish language programming for the lowest price, compared to other live TV streaming platforms. There is still Spanish-language content to enjoy on Fubo including networks like beIN Sports Español, Canela, Centroamerica TV, Cine Latino, Cine Sony Television, ESPN Deportes, Estrella, Estrella News, Euronews Espanol, FILMEX, FOX Deportes, Fubo Latino, Gol TV Spanish, Nat Geo Mundo, Noticias Telemundo Ahora, Nuestra Tele, Tastemade en Espanol, Telefe, Telemundo Acción, Todo Cine, Tr3s, TyC Sports and WAPA.

About Fubo

With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry’s current TV model. The company operates Fubo in the U.S., Canada and Spain and Molotov in France.

In the U.S., Fubo is a sports-first cable TV replacement product that aggregates more than 400 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2023). Leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. It was the first virtual MVPD to launch 4K streaming and MultiView, which it did years ahead of its peers, as well as Instant Headlines, a first-of-its-kind AI feature that generates contextual news topics as they are reported live on air.

Learn more at https://fubo.tv

Fubo Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements of FuboTV Inc. (“Fubo”) that involve substantial risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding our business strategy and plans, partnerships, programming, pricing and distribution. The words “could,” “will,” “plan,” “intend,” “anticipate,” “approximate,” “expect,” “potential,” “believe” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that Fubo makes due to a number of important factors, including but not limited to the following: our ability to achieve or maintain profitability; risks related to our access to capital and fundraising prospects to fund our financial operations and support our planned business growth; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to effectively manage our growth; the long-term nature of our content commitments; our ability to renew our long-term content contracts on sufficiently favorable terms; our ability to attract and retain subscribers; obligations imposed on us through our agreements with certain distribution partners; we may not be able to license streaming content or other rights on acceptable terms; the restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third party platforms to operate certain aspects of our business; risks related to the difficulty in measuring key metrics related to our business; risks related to preparing and forecasting our financial results; risks related to the highly competitive nature of our industry; risks related to the potential launch of the joint venture by Walt Disney Company, Fox Corporation and Warner Brothers Discovery; risks related to our technology, as well as cybersecurity and data privacy-related risks; risks related to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed in our Quarterly Report on Form 10-Q for the quarterly period ending June 30, 2024 filed with the Securities and Exchange Commission (“SEC”) and our other periodic filings with the SEC. We encourage you to read such risks in detail. The forward-looking statements in this press release represent Fubo’s views as of the date of this press release. Fubo anticipates that subsequent events and developments will cause its views to change. However, while it may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing Fubo’s views as of any date subsequent to the date of this press release.

Investor Contacts

Ameet Padte, Fubo

ameet@fubo.tv

JCIR for Fubo

ir@fubo.tv

Media Contacts

Jennifer L. Press, Fubo

jpress@fubo.tv

Bianca Illion, Fubo

billion@fubo.tv

Source: fuboTV

FAQ

Why did TelevisaUnivision remove its content from FUBO?

TelevisaUnivision removed its content after Fubo rejected their demands for a 25% price increase and mandatory channel bundling requirements, which Fubo considered unfair and uncompetitive.

What Spanish-language channels are still available on FUBO?

FUBO still offers numerous Spanish-language channels including beIN Sports Español, ESPN Deportes, Estrella, FOX Deportes, Telemundo Acción, and many others.

How much would FUBO subscription costs increase under TelevisaUnivision's new terms?

TelevisaUnivision's new terms would result in a 25% price increase for subscribers.

Will FUBO negotiate with TelevisaUnivision to restore the channels?

Yes, FUBO remains open to negotiating a new content agreement with TelevisaUnivision, provided the terms are fair and equitable for subscribers.

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